Subsidiary statutory auditor resigns before term ends

Auditor resigned mid-termManagement Changes View source PDF Explain this filing

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Price reactionminutes from the announcement price · days from the prior close

+1.2%Reaction day

₹94.99

prior close

₹95.00

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is usedpendingvs market: pending

Automobiles peers, median of 18sector · industry level+1.7%-0.5% vs sector

On the reaction day the stock moved 0.5 pts less than its Automobiles peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

+2.1

10m

+2.1

15m

+1.2

30m

+1.2

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+1.2pendingpending+1.7-0.5

Next day

+0.3pendingpending+3.1-2.8

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15d

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UpDownMarket · Nifty Microcap 250Sector · Automobiles peers, median of 18Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

R.G.N. Price & Co resigned on 3 November 2026 as statutory auditor of Popular Mega Motors (India) Private Limited, a company wholly owned by Popular Vehicles and Services. The firm was appointed on 3 August 2023 and was due to serve until 31 March 2028. Management is aligning the subsidiary's audit with the holding company's auditor rotation. The firm reported no concerns and no other material reason.

Likely market impact

The change is administrative and linked to group auditor rotation. No concerns were raised, but investors may watch the successor appointment and audit process.